Precision Engineers & Fabricators Private Limited
About Precision Engineers & Fabricators Private Limited
Data last updated:
Precision Engineers & Fabricators Private Limited is a private limited company based in Kolkata, West Bengal, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 22 September 2005.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U28111WB2005PTC105536.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹1.49 Cr. It is led by directors Gurdeep Singh Sahni and Ravinder Pal Singh Sahni.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at 166B S P Mukherjee Roadmertin Links Suite No 3D, Kolkata, West Bengal, India – 700026.
As per the financials filed for FY 2016, the company reported a revenue of ₹92.95 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹28.01 Lakh (net margin 0.3%) and EBITDA of ₹10.28 Cr (EBITDA margin 11.1%).
The company has about 28 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹87.66 Cr and satisfied charges of ₹22.85 Cr on record. Court records list 59 cases involving the company, including 34 filed by the company and 25 filed against it; 3 cases are pending.
Company details
Contact details
Precision Engineers & Fabricators Private Limited's registered office is in Kolkata, West Bengal.
- Registered Address166B S P Mukherjee Roadmertin Links Suite No 3D, Kolkata, West Bengal, India – 700026
- IndustryEngineering, Metal Foundry & Fabrication Services
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activities of Precision Engineers & Fabricators are manufacturing and trade. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Precision Engineers & Fabricators Private Limited, buy the company report.
Financials of Precision Engineers & Fabricators Private Limited
FY 2016 filings availablePrecision Engineers & Fabricators Private Limited reported revenue of ₹92.95 Cr (up 4% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 4% in the latest year. EBITDA rose 15% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹10.28 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹28.01 Lakh | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
| Total Liabilities | ||
| Fixed Assets | ||
| Investments | ||
| Inventories | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 11.1% | |
| Net Profit Margin | 0.3% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
| Debt-to-Equity Ratio | ||
| Interest Coverage Ratio | ||
| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
| Payable Days | ||
| Inventory Days | ||
| Revenue Growth | ||
| Net Profit Growth | ||
To see the full financial statements and ratios of Precision Engineers & Fabricators Private Limited, buy the company report.
Board of directors of Precision Engineers & Fabricators Private Limited
Precision Engineers & Fabricators has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gurdeep Singh Sahni | Director | 22 Sep 2005 | 21 Years 1 Months | As last reported |
| Ravinder Pal Singh Sahni | Director | 22 Sep 2005 | 21 Years 1 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 May 2015 | 10575262 | Axis Bank Limited | ₹50 Lakh | Open | |
| 30 Sep 2014 | 10531944 | Family Credit Limited | ₹26.5 Cr | Open | |
| 22 May 2013 | 10428825 | Kotak Mahindra Bank Limited | ₹6 Cr | Open | |
| 08 Apr 2013 | 10420466 | Axis Bank Limited | ₹50 Lakh | Open | |
| 14 Feb 2013 | 10418054 | Housing Development Finance Corporation Limited | ₹1.27 Cr | Open |
To see the full charge records of Precision Engineers & Fabricators Private Limited, buy the company report.
Total charge records: 14 View all charges
Legal cases
Precision Engineers & Fabricators Private Limited has 59 court cases on record: 34 filed by Precision Engineers & Fabricators, 25 filed against it. 3 cases are pending and 56 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 36 | 5 | 0 |
| District courts | 18 | 18 | 3 |
| NCLAT | 3 | 1 | 0 |
| Supreme Court | 1 | 0 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 59)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary case) | Filed against the company by L and T Finance Ltd. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by HDFC Bank Limited | Pending |
| NCLT, Kolkata | Petition | Filed against the company by Shieldarc Equipment Pvt Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by L and T Finance Ltd. | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Berger Paints India Ltd. and 1 other | Disposed |
To see the full case history of Precision Engineers & Fabricators Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Precision Engineers & Fabricators Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Precision Engineers & Fabricators Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Precision Engineers & Fabricators Private Limited has 4 board changes on record since 2005: 2 appointments and 2 cessations. The latest: Jagmohan Kaur Sahni ceased to be Director on 12 Nov 2016.
17 earlier events are in the company report.
Frequently asked questions
Precision Engineers & Fabricators is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Precision Engineers & Fabricators is a company under liquidation, formerly operating as a private limited company based in Kolkata, West Bengal, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 22 September 2005 and is registered under CIN U28111WB2005PTC105536. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Precision Engineers & Fabricators has 2 current directors:
- Gurdeep Singh Sahni - Director
- Ravinder Pal Singh Sahni - Director
The latest financial statements of Precision Engineers & Fabricators on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Precision Engineers & Fabricators is U28111WB2005PTC105536. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Precision Engineers & Fabricators has open charges of ₹87.66 Cr and satisfied charges of ₹22.85 Cr as per latest MCA filings.
Precision Engineers & Fabricators has 59 court cases on record: 34 filed by the company and 25 filed against it. 3 are pending. Most are in the high courts.
Precision Engineers & Fabricators was incorporated on 22 September 2005. It is registered with the Registrar of Companies, Kolkata.
Jagmohan Kaur Sahni ceased to be Director on 12 Nov 2016. Kuljit Kaur Sahni ceased to be Director on 12 Nov 2016. Gurdeep Singh Sahni was appointed as Director on 22 Sep 2005. Precision Engineers & Fabricators has 4 board changes on record in total.
The registered office of Precision Engineers & Fabricators is at 166B S P Mukherjee Roadmertin Links Suite No 3D, Kolkata, West Bengal, India – 700026.
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